(Answered) Topic 1bull can anyone think of problems not fundamentally

Economics

Topic 1:

• Can anyone think of problems not fundamentally caused by scarcity?

1. What does scarcity have to do with innovation, toilets, and E-cigarettes?

Topic 2:

• How can specialization and gains from trade apply within households?

1. What does the idea of a "sharing economy" mean for specialization and gains from trade?

2. Should heroin be included on an economy's PPF?

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Macroeconomics, Economics

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